Item 9B. Other Information
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Item 9B. Other Information
(b) Director and Officer Trading Arrangements
The following table describes, for the quarterly period ending December 31, 2023, each trading arrangement for the sale or purchase of Company securities adopted, terminated or for which the amount, pricing or timing provisions were modified by our directors and officers that is either (1) a contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “Rule 10b5-1 trading arrangement”) or (2) a “non-Rule 10b5-1 trading arrangement” (as defined in Item 408(c) of Regulation S-K):
| Name (Title) | Action Taken (Date of Action) | Type of Trading Arrangement | Nature of Trading Arrangement | Duration of Trading Arrangement | Aggregate Number of Securities to be Purchased or Sold | ||||||||||||
| Mani Sundaram (Executive Vice President and General Manager of the Security Technology Group) | Adoption (December 5, 2023) | Rule 10b5-1 trading arrangement | Sales | Until March 9, 2025, or such earlier date upon which all transactions are completed or expire without execution | Up to 7,461 shares of common stock | ||||||||||||
| Edward McGowan (Chief Financial Officer and Treasurer) | Adoption (December 6, 2023) | Rule 10b5-1 trading arrangement | Sales | Until September 6, 2024, or such earlier date upon which all transactions are completed or expire without execution | Up to 35,003 shares of common stock1 | ||||||||||||
| Adam Karon (Chief Operating Officer and General Manager of the Cloud Technology Group) | Adoption (December 8, 2023) | Rule 10b5-1 trading arrangement | Sales | Until September 8, 2024, or such earlier date upon which all transactions are completed or expire without execution | Up to 61,444 shares of common stock2 | ||||||||||||
| Aaron Ahola (General Counsel and Corporate Secretary) | Adoption (December 11, 2023) | Rule 10b5-1 trading arrangement | Sales | Until June 11, 2024, or such earlier date upon which all transactions are completed or expire without execution | Up to 16,489 shares of common stock3 |
(1) The Rule 10b5-1 trading arrangement provides for the sale of a percentage of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Mr. McGowan's Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to be sold without subtracting any shares to be withheld upon future vesting events.
(2) The Rule 10b5-1 trading arrangement provides for the sale of a percentage of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Mr. Karon's Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to be sold without subtracting any shares to be withheld upon future vesting events.
(3) The Rule 10b5-1 trading arrangement provides for the sale of a percentage of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Mr. Ahola's Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of future vesting events. For purposes of this disclosure, we have reported the maximum aggregate number of shares to be sold without subtracting any shares to be withheld upon future vesting events.
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